Download Goa University BA LLB-5 Years 2018 Oct 3rd Semester Economics III Question Paper

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B.A. LL.B SEMESTER III OCTOBER 2018

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ECONOMICS

TOTAL TIME- 3 Hours

TOTAL MARKS 75

Instructions: 1) Answer any Eight questions from Q.No.1 to 12. (8 x 8)

2) Q. No.13 and Q.No.14 are compulsory.

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3) Students are advised to incorporate the exact question number in the answer scripts. Draw diagram where necessary.

1. Explain the Hawtrey's theory of business cycles.
2. Evaluate how the economy functions under the circular flow of income?
3. Explain the demand side of loanable funds theory of interest.
4. Explain the different ways of measuring National Income.

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5. Explain the Keynesian view on business cycles.
6. Elaborate on the Say's Law of Market.
7. Explain the Hicks theory of business cycles.
8. Discuss Keynesian theory of Employment with special reference to effective demand.
9. Discuss the Harrod's model of growth.

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10. Explain the relationship between investment and savings.
11. Explain the internal and external causes of business cycles.
12. Critically evaluate Robert Solow's growth model.

13. Write short notes on ANY TWO (3x2)

1. Characteristics of a business cycle.

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2. Speculative motive and precautionary motive of money.
3. Marginal efficiency of capital.

14. Write short notes on any 2 (2.5x2)

1. Effects of business cycles.
2. Working of multiplier in underdeveloped countries.

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3. Autonomous investment.

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